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Tether Issues $494.57 Million in XAUt, About 17% of Market Cap
The additional issuance was in Tether Gold rather than USDT. XAUt’s market capitalization is about $2.84 billion.
Mentioned assets
Tether issued approximately $494.57 million worth of Tether Gold (XAUt) on Sept. 29, an amount equal to about 17% of the token’s circulating market capitalization.
The issuance involved XAUt rather than Tether’s USDT stablecoin. XAUt’s market capitalization is currently about $2.84 billion, making the additional issuance significant relative to the token’s existing supply.
Tether Gold is a gold token issued by Tether.
